Atlanta Fed's Guynn: U.S. economy stronger than people think

WASHINGTON (MarketWatch) -- The outlook for the U.S. economy remains "quite favorable for 2006," said Jack Guynn, the president of the Federal Reserve Bank of Atlanta in a speech Monday. "The U.S. economy is doing quite well, even better than many people seem to allow themselves to think," Guynn said in a speech prepared for delivery to the Rotary Club of Atlanta. The economy should grow in the range of 3% to 4%, with inflation expectations anchored. Guynn did not shed much light on when the Fed would finish its current tightening cycle. "The closer we get, the less explicit we can be on that point," Guynn said. There are many uncertainties, he said and policy makers "should resist the temptation to say more than we know at any given time."

Intraday Data provided by SIX Financial Information and subject to terms of use.
Historical and current end-of-day data provided by SIX Financial Information.
All quotes are in local exchange time. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only.
Intraday data delayed at least 15 minutes or per exchange requirements.